FYI: (The Linkster thinks this a super idea. Just think, instead of you paying John Hussman or Bruce Berkowitz, they pay you for lousy performance,)
While the rise of ETFs has been good for ETFs, it has come at the expense of many mutual fund managers -- humans who have seen about $1 trillion in outflows over the past four years. The situation has confounded many active fund companies and fueled consolidation in the industry. Now, a prominent active fund advocate and ETF critic says he’s found a better strategy: mutual funds with performance-based fees.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-09-20/the-man-who-hates-etfs-has-found-a-way-to-save-mutual-funds-jmapx0bs
